Shanghai Clearing House and China Foreign Exchange Trading Center: Will launch optimized foreign currency repurchase services starting on June 22nd.

The China Foreign Exchange Trading Center and the Shanghai Clearing House announced on June 18th that in order to further optimize foreign exchange repurchase transactions and clearing services, and meet the needs of market institutions for collateral management and diversified settlement methods, they will launch a foreign exchange repurchase optimization service starting June 22nd, 2026. During the tenure of foreign exchange repo transactions, the two parties can initiate collateral substitution for unsettled transactions on the Shanghai Clearing House comprehensive business system or the foreign exchange trading system of the China Foreign Exchange Trading Center, which will take effect after confirmation by the counterparty. Prior to the settlement date of the transaction, the two parties can initiate cash delivery on the Shanghai Clearing House comprehensive business system, and the Shanghai Clearing House will complete the buyout repo maturity settlement according to the cash delivery instructions. Specific online launch arrangements for the Foreign Exchange Trading Center will be notified separately.